Several months ago when the stock price was over $2.00 I prepared a list showing the restricted shares that were sold to "accredited Investors" from January 9 to February 22. These shares were restricted for 6 months, after which time one has to apply to have the shares officially transferred to their personal account.

As you can see the total number of shares that will become unrestricted is just under 4.5 million. I'm at the top of the list and I'm sure not selling them at a loss. I can't speak for those that purchased them at $.13 but in my opinion they would have to be idiots to sell at this stage.

The purchase of the various warrants are exercisable for a period of 18 to 36 months. I sincerely hope that everyone will have the opportunity to exercise their option to buy them.

So to answer your question, the warrants did not expire today.

Here is the link:

http://dw.convertfiles.com/files/072029700149...rrants.doc